(Answered) Shares of common stock

Finance

Problem: The charter authorizes 200 million shares of $0.10 par value common stock. To date 75 million shares have been issued. Treasury stock totals 10 million shares. The latest year's P&L shows a bottom line of $17 million. The top line was $246 million.

The company paid preferred dividends of $3 million last year.

Required:

a) How many shares of common stock are outstanding?

b) Calculate EPS for the latest fiscal year. Present your answer in the proper format.

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